Bidders day for £94m north east PF2 schools

Aaron Morby 11 years ago
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The Education Funding Agency is planning a bidders day for the second batch of PF2 schools to be brought to the market.

The move follows the invitation to tender for the first £150m tranche of privately-financed schools in Hertfordshire, Luton and Reading.

The north east batch is worth £94m and comprises a dozen schools, including two first schools – Hetton School in Sunderland and Mandale Mill Primary School in Stockton on Tees.

The main part of the bidders’ day will take place on Wednesday, 17 July at Hetton School with optional tours of Mandale Mill Primary School on the following morning.

The EFA said the day will give firms a chance to hear more about the next batch and details of how interested parties can get involved.

Contractors are being asked to design, build, finance and maintain the schools over a period of 25 years.

Funding will be provided through the Government’s PF2 aggregator model which will see a single organisation provide debt funding for contractors.

This financing role is itself presently out to tender.

Sign up

Email: [email protected]

Include name, title, organisation, contact number and email address to North east private finance batch bidders’ day
Also indicate whether representatives will be attending the tour of Mandale Mill Primary School on 18 July.

A further three batches covering covering a dozen schools North West (£93m); seven schools in Yorkshire (£97m) and eight schools in the Midlands (£122m) will come up for bid within the next 12 months.

The releases of two batches of PF2 schools comes after the Chancellor pledged an extra £1.3bn for schools in the spending revue.

The Government says the delayed PSPB programme will now been accelerated enabling an extra 150 schools to be funded. It also aims to complete the 261 PSPB programme by 2017.

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